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PSD2: KBC Mobile first multi-banking app in Belgium

KBC became the first bank to allow its clients to enjoy the new opportunities available under the PSD2 Directive. The new version of KBC Mobile, which also includes the new Multi-Banking feature, is available for download from the App Store and the Google Play Store from today. KBC is actively …

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Footsteps of Amazon Bank

Teenagers, otherwise known as Generation Z, with their lack of debit and credit cards, their absence of bank accounts and their overwhelming preference for actually putting on clothes and going to physical stores to buy things they could purchase online, pose a big challenge to Amazon. Amazon’s answer: The internet …

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Uber applies for e-money licence

Sky News has learnt that Uber has applied to the Dutch central bank for an e-money licence that will enable it to streamline its payment processes across businesses such as its core ride-hailing app and its fast-growing UberEats food delivery venture. Sources said the attempt to become classified as an …

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Bitpay Goes International Bitcoin Prepaid Card

Bitpay has released its Visa-based prepaid debit card in 131 countries. BitPay chief commercial officer Sonny Singh said that “the Visa-branded offering enables users to top up its BitPay Prepaid Visa Card with dollars using cryptocurrency, which can then be spent as euros, British pounds or US dollars at merchants around the …

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Another ‘first’ from QNB Finansbank

The time has come for international money transfers via Western Union® services on QNB Finansbank Mobile Branch. Introducing innovative banking applications and continuously updating investments in technological infrastructure to maximize clients’ convenience, QNB Finansbank has added the Western Union® Money TransferSM service to the list of Mobile Branch transactions. A …

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Why Orange telecom diversify into banking?

Telecommunications company, Orange is set to open up a bank (Orange Bank) in France, Richard Stephane the company’s CEO has revealed. The Bank, according to Stephane, will allow users to control their payments directly from their mobile phones through the bank’s app. Orange first acquired 65 percent of Groupama Banque …

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IT may not be necessary to have a bank account to make payments with PayPal.

PayPal and TIO Networks announced today that PayPal would be acquiring TIO for $233 million. With this acquisition, PayPal accesses TIO’s 14 million customer accounts, and a network of agents, including Global Express, ACE Cash Express, and Moneygram. TIO is a bill-payment processing service for those who don’t necessarily use bank accounts …

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A New Technology : WebVR for the financial service industry

The launch of the Global WebVR Hackathon run by Virtuleap, the online platform that is working to take the concept of the hackathon and scale it out for a mass targeted impact on the VR industry. Technology partners like Mozilla, Google, and Microsoft have joined the collective effort to support …

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How to became a new bank customer with online contracting?

Kotak Mahindra Bank has launched ‘Kotak Now’, INDIA’s first digital account opening process on mobile. The end-to-end paperless, digital process involves verification of KYC (know-your-customer) documents and signature via a video call with the bank. No physical interaction or biometric verification is required and the account opening requires only a …

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Millennials Are Ready for the Bank of Amazon, Facebook or Google…

According to a survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon, that emerged with the laurels. Versions of this survey — and surveys saying the opposite, …

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